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Pricing Supplement dated April 19, 2022
(To Prospectus dated December 9, 2021 and Prospectus
Supplement dated December 9, 2021) THE BANK OF NEW YORK MELLON CORPORATION |
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Rule 424(b)(2) File No. 333-261575 |
Senior Medium-Term Notes Series J
(U.S. $ Floating Rate)
$400,000,000 Floating Rate Senior Notes Due 2025
Trade Date: April 19, 2022
Original Issue Date: April 26, 2022
Principal Amount:
$400,000,000
Net Proceeds (Before Expenses) to Issuer: $399,400,000
Price to Public: 100.000% plus accrued interest, if any, from April 26, 2022
Commission/Discount: 0.150%
Agents
Capacity: ☒ Principal Basis ☐ Agency Basis
Maturity Date: April 25, 2025
Interest Payment Dates: The 25th day of January, April, July and October of each year, commencing on July 25, 2022
Interest Rate: Compounded SOFR (as defined in the Prospectus Supplement), as determined in accordance with the provisions set forth in the Prospectus and
Prospectus Supplement, plus the Spread. In no event will the Interest Rate for any Interest Period (as defined in the Prospectus Supplement) be less than the Minimum Interest Rate.
Base Rate or Benchmark: Compounded SOFR
Spread: +62 basis points
Minimum Interest Rate: 0%
Day Count Convention: Actual/360
Business Day Convention: Modified following, adjusted. If any Interest Payment Date falls on a day that is not a Business Day (other than an Interest
Payment Date that is also the Maturity Date or a redemption date, if applicable), such Interest Payment Date will be postponed to the following Business Day, except that, if the next Business Day would fall in the next calendar month, the Interest
Payment Date will be the immediately preceding Business Day. If the Maturity Date or a redemption date, if applicable, falls on a day that is not a Business Day, the payment of principal and interest will be made on the next succeeding Business Day,
and no additional interest will accrue from and after the Maturity Date or redemption date, as applicable.
Redemption Commencement Date: March 25,
2025
Redemption Price: 100% of the principal amount of the Notes redeemed
Optional Redemption: Redeemable in whole or in part at the option of the issuer on or after the Redemption Commencement Date at the Redemption Price, plus
accrued and unpaid interest thereon to the date of redemption, on written notice given to the registered holders of the Notes not less than 5 nor more than 30 calendar days prior to the date of redemption.